At the same time, the value of the securities of one of the largest glass manufacturers in Japan, Asahi Glass Co. increased by 5.35 per cent, after the analysts of several financial companies – JPMorgan Chase & Co., Mizuho Securities and Goldman Sachs – raised their recommendations on them from “neutral” to “buy” and put Read more
Global Automotive World is rapidly changing its appearance under the influence of the global economic crisis. General Motors, founded in 1908, the largest automakers in the world for 77 years, applied to the court a statement of voluntary bankruptcy on June 1, which provides court protection from creditors. Most recently, symbolizing the power and dynamism Read more
Chinese oil company-giant re-emerged as the largest in the world with its market capitalization. Every year in June, the newspaper The Financial Times publishes top FT 500, which is the rating of the largest capitalized companies in the world. A month before the publication of the rating, it became apparent that despite the crisis and Read more
The present state of affairs of the economy is compelling the credit card debtors around the country begin contemplating about consolidating their credit card debts. There are various advantages of doing it. Nevertheless, a question does arise in your mind: would credit card debt consolidation damage my credit? Following are the five most significant advantages Read more
U.S. congressional budget analysts have raised their estimate of the net cost to taxpayers for the government’s financial rescue program to $356 billion, an increase of $167 billion from earlier estimates. The Congressional Budget Office had originally projected the $700 billion Troubled Asset Relief Program would cost taxpayers $189 billion. The additional cost, which applies Read more
Google Inc has established a $100 million venture fund to invest in start-up, but full of potential Internet firms, which need early stage funding to develop their business. Google Ventures will wholly belong to the Cupertino company and will actually look for firms through which Google will increase its revenue in this hard times. Google Read more
The price of oil has fallen by almost $2 after several days of gains following more bad economic news that dragged global stock markets lower. The price of US light crude fell by $1.95, or 3.6%, to $52.39 a barrel. London Brent oil fell $1.57 to $51.89. On Thursday, prices hit their highest level of Read more
U.S. President Barack Obama is launching a “Major Economies Forum on Energy and Climate” to help facilitate a U.N. agreement on global warming, the White House said on Saturday. Leaders from 16 major economies have been invited to a “preparatory session” on April 27-28 in Washington to “help generate the political leadership necessary” to achieve Read more